Zacks Research Lowers Earnings Estimates for Everest Group

Everest Group, Ltd. (NYSE:EG) – Investment analysts at Zacks Research decreased their Q4 2027 earnings per share (EPS) estimates for shares of Everest Group in a report issued on Wednesday, August 19th. Zacks Research analyst Team now expects that the company will post earnings per share of $14.04 for the quarter, down from their previous forecast of $14.59. The consensus estimate for Everest Group’s current full-year earnings is $53.13 per share.

Everest Group (NYSE:EG) last posted its earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, topping analysts’ consensus estimates of $14.52 by $0.33. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.99 billion. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The company’s revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $16.10 earnings per share.

Other analysts also recently issued research reports about the stock. Evercore set a $377.00 price objective on shares of Everest Group in a report on Thursday, July 30th. Keefe, Bruyette & Woods lifted their price target on shares of Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Morgan Stanley boosted their price target on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. TD Cowen increased their price target on Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Atlantic Securities set a $484.00 price objective on Everest Group in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $395.27.

Everest Group Price Performance

NYSE:EG opened at $364.41 on Thursday. Everest Group has a 52 week low of $302.44 and a 52 week high of $401.07. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.72 and a beta of 0.29. The firm’s 50-day simple moving average is $365.07 and its 200 day simple moving average is $346.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s dividend payout ratio is 16.92%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. raised its position in Everest Group by 5.2% during the second quarter. Cookson Peirce & Co. Inc. now owns 2,956 shares of the company’s stock valued at $1,056,000 after purchasing an additional 146 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in shares of Everest Group by 5.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 2,100 shares of the company’s stock valued at $750,000 after purchasing an additional 100 shares in the last quarter. Mufg Securities Americas Inc. increased its stake in shares of Everest Group by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 1,192 shares of the company’s stock valued at $426,000 after purchasing an additional 66 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Everest Group by 22.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,183 shares of the company’s stock valued at $423,000 after purchasing an additional 218 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Everest Group during the 2nd quarter worth $423,000. 92.64% of the stock is owned by institutional investors.

About Everest Group

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.